Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi annually and the money is left for 5 years
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- 3. If you were to deposit $399.27 into an account today that pays 8% interest annually, with a payment of $100 at the end of each year, what would you be left with at the end of 5 years? in excelarrow_forwardhow much interest will an account earn if you deposited $435 at the end of every six months for 7 years and the account earned 4.75% compounded semi-annually?arrow_forwardFind the final amount of money in an account if $8,900 is deposited at 7% interest compounded quarterly (every 3 months) and the money is left for 8 years.arrow_forward
- You want to accumulate $12000 in a 5% account by making a level deposit at the beginning of each of the next 9 years. Find the required level of payment.arrow_forwardHOW MUCH MONEY SHOULD BE DEPOSITED TODAY IN AN ACCOUNT THAT EARNS 4% COMPOUNDED MONTHLY, SO THAT IT WILL ACCUMULATE TO 13000 IN THREE YEARS.arrow_forwardCalculate the future value (in dollars) of $1,150 deposited into an account earning an annual simple interest rate of 6% compounded daily after 3 yearsarrow_forward
- A person deposits $2750 in an account that yields 3.5% interest compounded annually. Set up a recurrence relation for the amount in the account at the end of n years.b) Find an explicit formula for the amount in the account at the end of n years.c) How much money will be in the account after 25 years?arrow_forwardYou deposit $3000 in an account earning 2% interest compounded continuously. How much will you have in the account in 5 years?arrow_forwardFind the final amount of money in an account if $4,900 is deposited at 4.5% interest compounded weekly and the money is left for 9 yearsarrow_forward
- You wish to save $52000 in an account which pays 3% compounded semiannually by making quarterly deposits for 6 years. What is the amount of the deposits? $ (Round to 2 decimal places.) Submit Questionarrow_forwardFind the final amount of money in an account if $500 is deposited at 7% interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount is $ . Round answer to 2 decimal placesarrow_forwardThe desired accumulated amount is $25,000 after 10 years invested in an account with 3.6% interest compounded monthly. Determine the amount to be invested now.arrow_forward
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